How to Get a Loan for Car Washes

Looking for business loans for car washes? Talk to a banker who works with the SBA. This $562,000 car washes loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Brea, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was East West Bank, based in Santa Fe Springs, California.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
BREA, CA 92621

SBA Loan Lender

EAST WEST BANK
10100 PIONEER BLVD, STE 1000
SANTA FE SPRINGS, CA 90670

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$562,000

Loan Approval from the SBA

Of the total $562,000 loan amount, the SBA guaranteed $421,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Brea CA, you ought to talk with a local Brea SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brea businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Credit Evaluation

SBA 7A Lenders in Santa Fe Springs, California

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